Corporate governance: A driver of a sustainable economy

The time is now to shift to a sustainable economy. Policymakers need to focus on better outcomes rather than more rules. Boards must demand that ESG factors are embedded into the day-to-day running of the businesses. Corporate governance is a driver of a sustainable business. It’s time that businesses create value beyond financial profit.

Read the recap of the event

KEYNOTE SPEECH

Olivier Boutellis-Taft in his speech launched the paper on 10 ideas to make corporate governance a driver of a sustainable economy. We want to inspire a debate and welcome your feedback on this paper. Send your thoughts and opinions on how corporate governance needs to evolve to iryna@accountancyeurope.eu by 1 October 2019.

Boards have the responsibility to help transform business models towards a sustainable economy @AccountancyEU @obt_ACE #SustainableCorpGov pic.twitter.com/Ui5T4NVyw6

— Laura Buijs (@laurabuijs) June 26, 2019

Is it wise to even contemplate having a European wide corporate governance code? Cultures and expectations differ, can we create something that is common? @AccountancyEU #sustainablecorpgov

— Paul Druckman (@pauldruckman) June 26, 2019

Trust is broken and regulation seems necessary to make businesses drivers of sustainable prosperity – what I keep from this exciting debate today! #SustainableCorpGov @AccountancyEU

— Eleni Kanelli (@EleniKanelli) June 26, 2019

Watch Olivier Boutellis-Taft’s speech and Professor Mervyn King’s video

POLICYMAKER RESPONSE

IT IS possible to do sth at EU level on corporate governance says Director General @SallaLoi @DGJust. We think so as well! @AccountancyEU #SustainableCorpGov

— Eleni Kanelli (@EleniKanelli) June 26, 2019

New European Presidency of Finland sets its priorities with “sustainable “ as the key word/theme going through all, says @SallaLoi @AccountancyEU #sustainablecorpgov

— Paul Druckman (@pauldruckman) June 26, 2019

.@SallaLoi @EU_Justice & #XavierLeFlaive @OECD_ENV talk #SustainableCorpGov: opinions at #EU level seem to be moving in a similar direction, towards #Sustainability , while the #OECD sees issues around trust in business as crucial to the debate pic.twitter.com/eXvHXL1kfF

— Accountancy Europe (@AccountancyEU) June 26, 2019

Watch their panel here

STAKEHOLDER DEBATE

@AccountancyEU #sustainablecorpgov another question for the panel for town hall debate – what can the accounting profession do to assist disrupt what Boards consider their responsibilities? Finance in business, auditors and accounting trusted advisors to smaller business?

— Paul Druckman (@pauldruckman) June 26, 2019

Some people insist on a unified #standard for sustainabilityreporting by companies. Let us insist on far more corporate sustainable actions and a real #CSR or #SDG behaviour first. #ClimateCrisis #SustainableCorpGov #GRI #IR

— Philip Verhaeghe (@phverhaeghe) June 26, 2019

Watch the Stakeholders’ debate panel and Paul Druckman’s speech now

CONCLUSIONS

In concluding this event @jyotib is underlining the importance of action from all #stakeholders to work together for a #sustainableeconomy . His message: “Never give up!” pic.twitter.com/pkYjd302Su

— Accountancy Europe (@AccountancyEU) June 26, 2019

Trust is broken and regulation seems necessary to make businesses drivers of sustainable prosperity – what I keep from this exciting debate today! #SustainableCorpGov @AccountancyEU

— Eleni Kanelli (@EleniKanelli) June 26, 2019

Great debate regarding #SustainableCorpGov – we need better and more comparable metrics / review of the EU NFI directive under the radar #NFIdirective

— Noemi Robert (@Noemi_Counts) June 26, 2019

WATCH THE FULL EVENT VIDEO

Speakers:

7:47 Moderator, Jyoti Banerjee, Partner, Fronesys
12:53 Olivier Boutellis-Taft, CEO, Accountancy Europe
47:36 Professor Mervyn King, Chair Emeritus of the IIRC and GRI
54:43 Salla Saastamoinen, Director, Directorate-General for Justice and Consumers, European Commission
1:02:33 Xavier Leflaive, Principal Administrator, OECD
2:11:54 Florence Bindelle, Secretary General, EuropeanIssuers
2:16:28 Michel de Fabiani, Chairman of the Policy Committee, ecoDa
2:27:04 Aleksandra Palinska, Senior Regulatory Policy Advisor, EFAMA
2:34:55 Andrew Hobbs, Partner, EMEIA Public Policy Leader, EY
2:40:04 Sebastien Godinot, Economist, WWF
3:06:21 Paul Druckman

#SustainableCorpGov